Payden & Rygel Sells 6,900 Shares of Crh Plc $CRH

Payden & Rygel cut its holdings in Crh Plc (NYSE:CRH) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the construction company’s stock after selling 6,900 shares during the quarter. CRH accounts for approximately 1.6% of Payden & Rygel’s holdings, making the stock its 15th largest position. Payden & Rygel’s holdings in CRH were worth $22,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in CRH during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in CRH during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC lifted its stake in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. United Community Bank lifted its stake in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the period. Finally, Cornerstone Planning Group LLC lifted its stake in CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares during the period. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Up 0.2%

Shares of NYSE:CRH opened at $103.46 on Tuesday. The firm’s 50 day moving average price is $109.43 and its 200-day moving average price is $117.27. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The stock has a market capitalization of $69.13 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.36.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts expect that Crh Plc will post 5.9 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

CRH Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.